Tuesday, August 10, 2021 - IIUSA Executive Director, Aaron Grau, highlights new opportunities to improve the EB-5 program for all in the Morning Consult's latest publication, EB-5 Industry Leaders Recognize Challenge, Opportunity to Strengthen the Program for Investors and Stakeholders.
In reference to Chuck Grassley (R-Iowa) and Patrick Leahy’s (D-Vt.) proposed S.831, a bill that would see the EB-5 Program renewed for another five years and ensure its integrity measures, Grau emphasises that "The bill had and continues to have massive support from EB-5 stakeholders, especially ones that were looking forward to the bill’s plans to improve the program’s oversight and accountability."
"The program is not dead; it’s just been dealt a heavy setback. It still has powerful entities fighting for its survival both inside and outside of Congress. But there’s plenty of things average citizens and industry stakeholders can do to support the program’s renewed existence: They can contact their regional centers to be sure they are supporting pending bills, get in touch with their congressional representatives and get in touch with trade associations that support the program and work toward its continued existence, like Invest in the USA."
Aaron Grau, executive director of Invest in the USA (IIUSA), is a former majority counsel on the U.S. Senate Health Education, Labor, and Pensions Committee, where he developed Senate hearings and negotiated and drafted several pieces of federal legislation and was part of the Senate team that created the Workforce Investment Act.